“Make it new” or pay the price: Firms show more willingness to tackle innovation

Abstract

Purpose

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

A strong argument could be made for innovation being the most important means by which manufacturers can create competitive advantage. In the short‐term, struggling firms might have to concern themselves with any number of immediate issues, from lay‐offs and cost reduction to greater operational efficiency. But in the long run, the case for innovation becomes well nigh indisputable.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2011), "“Make it new” or pay the price: Firms show more willingness to tackle innovation", Strategic Direction, Vol. 27 No. 8, pp. 18-21. https://doi.org/10.1108/02580541111146830